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Economic analysts have called for economic diversification to cushion Malawians amid concerns that the appreciation of the dollar against the kwacha could trigger sustained inflation. The analysts were reacting to an International Monetary Fund (IMF) analytical note, which cautioned that the appreciation of the greenback against the major currencies in sub-Saharan Africa could lead to
Market watchers and local businesses say despite the weakening of the rand presenting an opportunity for local businesses, the real impact would depend on various actors, including potential inflation in South Africa.The rand fell against the dollar and other currencies last week on investor concerns over the worst power cuts. Another concern was the
Reserve Bank of Malawi (RBM) has re-affirmed that the economy would slow this year as economic recovery faces some headwinds, mainly due to agricultural shocks. The central bank expressed the fears in its second Monetary Policy Committee Statement issued recently indicating that the 2.7 percent projected gross domestic product (GDP) growth rate for 2023 is
Malawi Stock Exchange (MSE)-listed commercial banks profits for the year ended December 31 2022, have significantly increased, despite a subdued economic environment, published statements show. Published financial statements from some of the banks, including FDH Bank plc National Bank of Malawi plc, NBS Bank plc and Standard Bank pl show that they posted higher profits